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Nisha Ramchandani

Nisha Ramchandani

Published Wed, Aug 10, 2016 · 09:50 PM
Straco

Singapore

WEIGHED down by currency exchange losses and lower revenue, Straco Corp turned in an 11.6 per cent slide in net profit to S$9.25 million for the second quarter ended June 30, as the yuan weakened against the Singapore dollar.

Stripping out exchange differences, group profit would have declined some 6.4 per cent instead. The period also saw higher staff cost.

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According to PMO, more than 610,000 children across 380,000 households are expected to benefit from the measures.

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Singapore’s housing supply has steadily increased over the years and there have been encouraging results, said PM Wong.

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PM Wong said the latest move will make it a “significant” increase in the number of childcare leave days.

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Another important message PM Wong will deliver is how the government will continue planning and building for the future.

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